Japan P&I 2016 General Increase announced
The Japan P&I Club have announced a 3% General Increase on their Advanced Call for 2016, with the Supplementary Call remaining at 40% for mutual entries. The Club are also levying a 5% General Increase on charterer’s entries for 2016. FD&D (both fixed and mutual) will be subject to a nil General Increase.
The Board has reduced the Supplementary Call for the 2014 policy year from 40% to 20% and there was no announcement in respect of deductible changes.
Release Calls have been updated as follows:
2015/6 – 45%
2014/5 – 25%
2013/4 – 5%
Release Calls for FD&D for the above open years are all set at 25%.
The full circular can be found here or on the Club’s website.